REGISTERED NUMBER: 09269444 (Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Morris Financial Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B A Morris

Ms N S Morris

REGISTERED OFFICE:

2 Tai Tywyn Business Centre

Sandy Lane

Prestatyn

Denbighshire

LL19 7SF

REGISTERED NUMBER:

09269444 (Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

30,371

33,813

CURRENT ASSETS

Debtors

5

291,624

214,000

Cash at bank

24,299

7,719

315,923

221,719

CREDITORS

Amounts falling due within one year

6

97,419

73,099

NET CURRENT ASSETS

218,504

148,620

TOTAL ASSETS LESS CURRENT LIABILITIES

248,875

182,433

CREDITORS

Amounts falling due after more than one year

7

(15,982

)

(2,950

)

PROVISIONS FOR LIABILITIES

(5,680

)

(3,121

)

NET ASSETS

227,213

176,362

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

227,163

176,312

SHAREHOLDERS' FUNDS

227,213

176,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th December 2025 and were signed on its behalf by:

Mr B A Morris - Director

1.	STATUTORY INFORMATION

Morris Financial Management Ltd is a private company, limited by shares , registered in Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

58,116

Additions

2,238

At 31st March 2025

60,354

DEPRECIATION

At 1st April 2024

24,303

Charge for year

5,680

At 31st March 2025

29,983

NET BOOK VALUE

At 31st March 2025

30,371

At 31st March 2024

33,813

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

291,624

214,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

31,973

16,306

Trade creditors

-

956

Taxation and social security

64,017

54,517

Other creditors

1,429

1,320

97,419

73,099

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

15,982

2,950

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

Mr B A Morris

Balance outstanding at start of year

160,808

149,545

Amounts advanced

70,566

53,272

Amounts repaid

(12,629

)

(42,009

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

218,745

160,808